Exclusion of people leads to insurgency: Rahul

Agencies
August 23, 2018

New Delhi, Aug 23: Congress president Rahul Gandhi cited the example of Islamic State terrorist group to say that exclusion of a large number of people from the development process could lead to the creation of insurgent groups anywhere in the world.

Addressing a gathering at the Bucerius Summer School in Hamburg in Germany yesterday, Gandhi said the BJP government has excluded tribals, Dalits and minorities from the development narrative and "this could be a dangerous thing".

"It is very dangerous in the 21st century to exclude people," he said.

"If you do not give people a vision in the 21st century, somebody else will. And that is the real risk of excluding a large number of people from the development process," Gandhi said.

He also linked the incidents of lynching in India to joblessness and the lack of opportunities for the poor who, he said, were not being given equal opportunities.

Gandhi said the incidents of lynching were a result of the anger emanating from joblessness and destruction of small businesses due to demonetisation and poorly implemented Goods and Services Tax (GST).

Saying that the transformation taking place across the world requires certain protections for the common people, Gandhi accused the BJP dispensation of taking away these protections and hitting the informal economy through demonetisation and GST.

"They (the BJP government) feel tribal communities, poor farmers, lower caste people, minorities should not get the same benefits as the elite. The other thing they have done is they have started attacking the support structures created to help certain groups of people. That is not the only damage they have done," he said.

Gandhi said there is "something much more dangerous" that has happened, and that is - a couple of years ago the prime minister "demonetised the Indian economy and destroyed cash flows to small and medium businesses, rendering millions jobless".

The Congress president addressed the gathering for more than an hour. He also took questions from students from across the world.

During his address, Gandhi said that after the US attacked Iraq in 2003, they brought a law that stopped a particular tribe in Iraq from getting jobs in the government and in the army.

"It seemed like a very innocuous decision at that time," he said.

But it resulted in a large number of people joining insurgency "that fought the US and caused massive casualties," he said.

"It did not end there. That insurgence slowly entered empty spaces. It entered the empty space in Iraq and in Syria and then it connected with...a horrific idea called ISIS," Gandhi said.

He said there is a lot of hatred in the world but not enough people are listening. The only solution, he added, was to understand people.

Outlining his idea of India's foreign policy, Gandhi said there are different visions in the world, including that of the US, China and India. He said India's role should be to balance the US and China - much like Europe's role.

The Congress chief said he has suffered violence and he can say that there is only one way to let it go - that is forgiveness.

"And for forgiveness, you need to understand where it is coming from. My father was killed by a terrorist in 1991. When the terrorist died a few years later, I was not happy. I saw myself in his children."

Liberation Tigers of Tamil Eelam chief Velupillai Prabhakaran, who was responsible for the killing of former prime minister Rajiv Gandhi, was shot dead by Sri Lankan troops in 2009.

The Congress chief also mentioned his famous hug to Prime Minister Narendra Modi in Parliament.

He said some of his own party members did not like it when he hugged Modi during a debate on no-confidence motion against the government in July.

He said Modi was making "hateful remarks" about him but he showed affection. The basic idea is - it is foolish to respond hate with hate, as doing so would not solve any problem, Gandhi said.

He said the prime minister refuses to see joblessness as a big problem.

"You have to accept the problem (first) to fix it," he said.

Gandhi also said he disagreed with the suggestion that India was the worst place for women in the world, but admitted the rising incidents of violence against women in the country.

"India needs to change... Men have to start viewing women as equal and with respect. I am sorry to say that men do not," he said.

He said non-violence in India is a founding philosophy of its nationhood and the essence of being an Indian.

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News Network
February 1,2020

Feb 1: The Congress on Saturday expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP. “Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!,” Surjewala tweeted. “Yet, Modiji gave Corporate Tax Cuts of Rs 1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India,” he said

Rajasthan Chief Minister Ashok Gehlot hoped the budget fulfils expectations of the common people. “Budget 2020 is the time for NDA government to provide a healing touch to common people and industries facing hardships since noteban. Hope the budget fulfils expectations of common people and provide relief across sections,” Gehlot said.

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News Network
July 23,2020

New Delhi, Jul 23: Riding high on foreign investors buying stakes in Jio Platforms, Reliance Industries Ltd Chairman Mukesh Ambani became the world’s fifth-richest person Wednesday, edging past American investor Warren Buffett on the real-time ranking of billionaires by Forbes. With an estimated wealth of $75 billion, Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

Buffet had slipped down the rankings after donating more than $37 billion of Berkshire Hathaway Inc. stock since 2006 to charity. Berkshire Hathaway’s stock performance has also underwhelmed recently.

Amazon founder and CEO Jeff Bezos still sits at top in the richest list, with a net worth of $185.8 billion. He is followed by Microsoft co-founder Bill Gates with net worth of $113.1 billion and luxury group LVMH Moet Hennessy Louis Vuitton’s chief Bernard Arnault, with a net worth of $112 billion. Facebook CEO Mark Zuckerberg is at the fourth position in the Forbes list.

Shares of Ambani’s conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc, Silver Lake, Intel, and most recently, Google. The US tech giant has committed a capital infusion of Rs 33,737 crore for a 7.7 per cent stake on Jio Platforms.

The total investment from financial and strategic investors into Jio Platforms stands at Rs 1,52,056 crore. RIL has raised a total of Rs 2,12,809 crore through a rights issue, the combined investments in Jio Platforms and investment by BP.

During the Reliance AGM last week, Ambani had said RIL has made its net-debt free ahead of a March 2021 target due to recent investments. Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

Jio and Google have also entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store, Ambani said.

RILs market value jumped to Rs 12.7 lakh crore or $170 billion on Monday, making it the 51st most valued company in the world. Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

The share price of RIL has risen by 120 per cent over the last four months for Rs 883 per share on March 23, 2020 to Rs 1,939 on Monday. Since April 22, when Facebook Inc announced an investment of Rs 43,574 crore in Jio Platforms for 9.99 per cent equity stake, Jio Platforms has announced investments by 12 other investors. The total investment by these 13 investors over the last 12-weeks amounted to Rs 118,318 crore.

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News Network
March 12,2020

New Delhi, Mar 12: The coronavirus pandemic could deal a crippling blow to the Indian travel and tourism industry, specially with the government suspending all visas, with the economic impact being assessed to run into thousands of crores of rupees. According to industry chamber CII, this is the one of the worst crises ever to hit the Indian tourism industry impacting all its geographical segments - inbound, outbound and domestic, almost all tourism verticals - leisure , adventure, heritage, MICE, cruise, corporate and niche segments.

The whole tourism value chain across hotels, travel agents, tour operations, destinations, restaurants, family entertainment venues and air, land and sea transportation have been hit.

In an impact assessment of the coronavirus pandemic, CII Tourism Committee said inbound foreign tourism of over USD 28 billion in value terms accounts for an average 60-65 per cent between October to March.

"As the news of the virus started picking up from November, the percentage of cancellations started going up in this segment exponentially and is reaching a peak of almost 80 per cent now in March in many Indian locations. The value at risk from this segment will be in multiples of tens of thousands of crores," the CII assessment report said.

With India cancelling all visas, the chamber said the impact "will be worse".

It further said,"The forward bookings for the inbound season of October 2020-March 2021 which should have started picking are all muted. These are showing highly discouraging signs with cancellations of important global travel marts which are marketplaces for contracting for the next season."

It further said there are reports of large scale forward cancellations from NRI segment from developed markets, which account for over 60 per cent during April to September inbound visits.

"Unless the progression of the virus stops, almost the entire value for the remainder of 2020 season is at risk," the report added.

ANAROCK Property Consultants Chairman Anuj Puri said India's hospitality sector will definitely be impacted by the announcement of a global pandemic, and the mounting numbers of confirmed coronavirus cases in the country.

"The cancellation of visas for foreigners as well as the strong advice issued to Indians to refrain from unnecessary travel will have a marked effect. This is the most unsettling healthcare crisis in recent times and hotel bookings will go south," he added.

On Indians being advised to refrain from unnecessary travel, as per the CII report almost 28 million plus Indians are estimated to have travelled outside in 2019 and there were almost 1.8 billion domestic tourist footfalls.

The holiday season of Indians -- those travelling within the country and outside -- is heavy in April-July, October and December.

"The December holiday season of 2019 took an estimated hit of almost 40-50 per cent, the holiday season of April to July 2020 is likely to take a humongous hit which could be as high as 80-100 per cent, unless there is positive news of the progression of virus decreasing," the CII assessment report said.

There are advanced cancellations and highly reduced forward booking pipelines for the holiday season. Only corporates are flying and that too only on highly essential same day travel. Most of the MNCs are advising work from home, stifling travel, it added.

On suspension of visas, MakeMyTrip Group CEO Rajesh Magow told ,"The period between February till the end of March is typically a lean period because of exam season but we are seeing a demand slowdown for the upcoming summer holiday season especially for international travel. The situation remains dynamic making it hard to quantify the actual impact on our business and industry at large."

He further said,"The decision by the government will have an impact on inbound and outbound international travel. So far there are no restrictions or advisories issued for domestic travel."

VFS Global Regional Group COO - South Asia, Middle East and North Africa, Americas Vinay Malhotra said,"While it is too early to comment on the impact of coronavirus on visa application trends, so far, our visa application processes in India continue on schedule as per the mandates of our client governments."

He also said the company is exploring steps to assuage concerns of people about visiting busy public areas due to the nature of the virus by considering discounted rates on courier return services for visa customers who want to avoid returning to the visa centres to pick up their passports.

Besides, he said,"We are also contemplating lower fees for our Visa at your doorstep service, for those customers who are requesting an alternative to visiting the centres to submit visa applications."

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